Riot Platforms Reports Q1 Results, Shares Move Higher After Hours - Riot Platforms (NASDAQ:RIOT)
Riot generated $33.2 million in data center revenue for the first time as AI computing demand and an AMD deal helped offset weaker mining economics.
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10 Articles
Why Riot Platforms Stock Jumped 13% This Morning
Key PointsRiot Platforms stock jumped as much as 13% on Friday after reporting Q1 2026 earnings.AMD doubled its contracted capacity at Riot's Rockdale, Texas data center.Management emphasized Riot's transition from pure Bitcoin miner to diversified data center operator.10 stocks we like better than Riot Platforms › Shares of Riot Platforms (NASDAQ: RIOT) gained as much as 13.3% at 11:30 a.m. ET. The digital infrastructure company reported disapp…
Riot Platforms Q1: Data Center Revenue 33.2M$
The post Riot Platforms Q1: Data Center Revenue 33.2M$ appeared on BitcoinEthereumNews.com. Riot Platforms solidified its move away from Bitcoin mining by reporting $33.2 million in revenue from data center operations in the first quarter. Advanced Micro Devices (AMD) announced an increase in its capacity contract to 50 megawatts, a development that stood out in the company’s earnings report. While total revenue reached $167.2 million, the minin…
Did Riot’s New Data Center Revenue and Expanded AMD Deal Just Shift Riot Platforms' (RIOT) Investment Narrative?
Riot Platforms, Inc. recently reported first-quarter 2026 results, posting revenue of US$167.22 million, including US$33.2 million from its new data center segment, while recording a net loss of US$500.48 million or US$1.44 per share. The company’s pivot from pure Bitcoin mining to higher-margin data center and AI infrastructure operations gained traction, as AMD expanded its long-term lease at Riot’s Rockdale facility to 50 megawatts of contrac…
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